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Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Debit Ending Beginning Direct materials used Direct
Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Debit Ending Beginning Direct materials used Direct labor Overhead Debit Ending Debit Beginning Cost of goods manufactured Available for sale Raw Materials Inventory 12,300 51,500 63,800 15,800 Work in Process Inventory 15,400 48,000 29,500 65,000 157,900 16,900 142,900 159,800 Direct materials used 15,000 Finished Goods Inventory 18,700 Credit Credit Cost of goods manufactured Credit Cost of goods sold 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. 48,000 142,900 141,100
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